Panama exports processed teak to Europe.
- Vida y Éxito
- January 31, 2023
The new teak processing plant from forest plantations is a $3.7 million investment.
Panama has the first high-capacity and high-precision teak processing plant (sourced from forest plantations) in the region. It is FSC Forest Stewardship Council chain-of-custody certified with the capacity to process 1,300 40-foot containers annually for certified premium markets.
Ecotopia Teak inaugurated the plant on January 28th in the town of Chepo, where national authorities and presidents of export associations such as APEX, SIP, and CONEP gathered.
Ambassador Carmen Gisela Vergara, General Administrator of the Authority for the Attraction of Investments and the Promotion of Exports (PROPANAMA), stated, "This investment represents a significant innovation for our country, as it enables us to export products with high domestic added value, introducing knowledge and technology transfer to export timber, which must also meet the highest international environmental standards, to open up new market sectors in Europe, Asia, and North America.
Participamos el año pasado con los productores de madera certificados FSC en el lanzamiento de la marca país “Panamá Teak” durante Dubái WoodShow 2022, que generó pedidos para los participantes panameños, resaltó la embajadora Vergara.
She concluded by stating that this year, they will also participate alongside Panamanian companies in this fair to promote, through increased exports, job creation with knowledge and technology transfer.
Bianca Morán, Administrative Manager of Ecotopia Teak, explained during the inauguration ceremony of the 2023 teak export that this plant allows them to reach European markets with a stabilized, precise, and high-quality finished product, not just raw materials.
The importance of adding value to export products, as Ecotopia Teak does, lies in diversifying export offerings and creating new jobs in rural areas with a high level of training, providing well-being to the populations.
Luis Frauca, President of the Union of Industrialists of Panama (SIP), emphasized, 'We value this effort of innovation and investment, especially the projection of adding value to what is exported, rather than exporting it in raw form, because it adds greater value to exports and elevates the level of technological advancement in the country.'
Similarly, Víctor Pérez, President of the Panamanian Exporters Association (APEX), said, 'It is very gratifying to see how in Panama we are evolving from exporting raw materials to being able to export certified value-added products, such as processed wood.'
Juan Carlos Palacios, Executive Director of the Sustainable Forest Management Corporation of Ecuador, considered that 'this investment in Panama and for the region is a starting point because this company is an example, not only for Central America but also for South America. It is one of the few factories that produces certified value-added wood products and reduces our dependence on markets like Asia for selling our production.'
About us
Panamá Teak is a registered trademark dedicated to the marketing and sale of forest products crafted from 100% FSC® certified tectona grandis teak, naturally grown and commercially cultivated in the Republic of Panama.
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